PaxOcean

What PaxOcean does

PaxOcean Holdings Pte. Ltd. is a Singapore-incorporated, privately held shipyard group and subsidiary of Kuok Maritime Group (KMG), itself part of the family-owned Kuok Group Singapore conglomerate. Founded in 2007, the company operates five shipyards across Singapore (5 Jalan Samulun), China (Zhoushan, Zhuhai), and Indonesia (Batam), with a sixth Maintenance, Repair and Operations (MRO) facility under construction in Saudi Arabia. Across these yards, PaxOcean has built more than 600 vessels and repaired more than 3,500 vessels across most major vessel classes.

The group's offering spans the full vessel lifecycle: shipbuilding and offshore fabrication (multi-purpose vessels, offshore construction vessels, wind turbine installation vessels, cable laying vessels, FSRUs, eco-advanced container ships, LNG-fuelled and fully electric harbour tugs), conversions and retrofits (scrubber installations, alternative fuel conversions, FSO-to-FPSO conversions, energy-saving devices), repairs and maintenance (scheduled drydocking, underwater hull work, cryogenic LNG system work), decommissioning and green recycling, and integrated EPCC solutions. Technologically, the company differentiates through the GTT-accredited LNG carrier membrane tank maintenance capability (Batam 2022, Singapore 2026), an Innovation Hub@5JS collaborative platform, a Centre of Excellence for engineering R&D focused on carbon capture, digital twins, and simulation, and proprietary electric harbour-tug designs using 3MWh lithium-titanate oxide battery systems with 20-year lifespans and zero-emission operation.

PaxOcean generates revenue primarily through project-based shipbuilding contracts (one-time, with delivery timelines of 2-4 years) and professional services including repairs, conversions, and LNG membrane tank maintenance. Pricing is project-specific; no standard tiers are publicly disclosed. The go-to-market is direct enterprise sales to shipping companies, offshore energy operators (including offshore wind EPC contractors DEME and Penta-Ocean Construction), port and terminal operators, and sister companies within KMG such as Pacific Carriers Limited. The order book for large vessels is fully covered through end-2028, and the customer base spans Asia-Pacific and Northern Europe across shipping, offshore wind, oil and gas, port services, and offshore drilling verticals.

Name

PaxOcean

Legal name

PaxOcean Holdings Pte. Ltd.

Website

https://paxocean.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PaxOcean is a Singapore-headquartered shipyard group (subsidiary of Kuok Maritime Group) operating five shipyards across Singapore, China, and Indonesia, providing shipbuilding, repair, conversion, retrofit, decommissioning, and integrated EPCC services to shipping companies, offshore energy operators, and port authorities across Asia-Pacific and Europe.

Ownership category

akta.pro rank

Product category

Shipbuilding and Marine Engineering

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (3366), Support Activities for Water Transportation (4883)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Pipe-lay & Heavy-lift Offshore Vessel Construction (IMAJACAE)

akta.pro secondary industries

Piping, HVAC & Auxiliary Systems Repair (TLAKAKAH), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Piping, Mechanical & Auxiliaries Repair (Pumps, Valves, Heat Exchangers, Boilers) (IMAJAFAE)

Keywords

• Shipbuilding services
• Offshore fabrication
• Vessel repair maintenance
• Ship recycling
• Marine engineering

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Infrastructure, Operations, Technology or R&D

Revenue model

1. Shipbuilding and New Construction: Construction of new vessels including multi-purpose vessels, offshore construction vessels, cable laying vessels, wind turbine installation vessels, eco-advanced container ships, tankers, tugs, and FSRUs. Revenue is generated through project-based contracts with delivery timelines typically spanning 2-4 years.
2. Repairs and Maintenance: Vessel repair, retrofitting, and maintenance services including scrubber retrofits, conversion projects (FSO to FPSO), and scheduled drydock maintenance. Services include hull, mechanical, electrical, piping, and cryogenic LNG system work.
3. Conversions and Retrofits: Conversion and retrofitting services including alternative fuel conversions (methanol, LNG), scrubber installations, and FSO/FPSO conversions. Retrofit packages include energy-saving technologies, rotor sails, and underwater appendages for improved vessel efficiency.
4. Decommissioning and Green Recycling: End-of-life vessel decommissioning and environmentally responsible recycling services for maritime assets.
5. LNG Carrier Membrane Tank Services: Membrane tank maintenance and servicing for membrane-type LNG carriers under GTT accreditation, expanding LNG repair capabilities beyond the existing Batam yard operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

PaxOcean is a shipyard group that designs, builds, repairs, converts, retrofits, and recycles maritime and offshore assets. The company operates five shipyards across Singapore, China, and Indonesia, delivering vessels and integrated engineering solutions to commercial shipping companies, offshore energy operators, and port authorities.

Product overview

PaxOcean is a shipyard group offering end-to-end engineering services across the complete lifecycle of maritime and offshore assets — from shipbuilding, offshore fabrication, repairs, conversions, and retrofits, through to decommissioning and green recycling. The company operates five shipyards across Singapore, China, and Indonesia, plus an MRO facility in Saudi Arabia under construction. Its core products include newbuild vessels (multi-purpose vessels for PCL, offshore construction vessels for DEME, cable laying vessels for Penta-Ocean, wind turbine installation vessels, eco-advanced vessels for Langh Ship, and electric harbour tugs like EON). Service modules include Shipbuilding & Offshore Fabrication, Conversions & Retrofits, Repairs & Maintenance, Decommissioning & Green Recycling, and Integrated Solutions. Strategic sub-brands include the Centre of Excellence (COE) for R&D in carbon capture and digital twins, the Innovation Hub@5JS (iHub5) for deep-tech maritime development, and the Coastal Sustainability Alliance (CSA) for decarbonisation solutions. The flagship facility is the 5JS Shipyard at 5 Jalan Samulun in Singapore, featuring advanced docks, workshops, and sustainability certifications.

Differentiator

Problem solved

Functional benefit

Brands

• Coastal Sustainability Alliance (CSA): An industry collaborative effort led by Kuok Maritime Group focused on maritime decarbonisation, electric vessels, and sustainable coastal logistics ecosystem.
• Innovation Hub@5JS (iHub5)
• Centre of Excellence (COE)

Products and services

• Shipbuilding & Offshore Fabrication New vessel construction and offshore fabrication services delivered across five shipyards in Singapore, China, and Indonesia. Covers newbuilding, module engineering, and fabrication for conventional and renewable energy maritime assets.
• Conversions & Retrofits Conversion and retrofitting services for existing vessels, including scrubber retrofits, LNG and alternative fuel conversions, FSO-to-FPSO conversions, and decarbonisation retrofits for improved efficiency.
• Repairs & Maintenance Repair and maintenance services across all major vessel classes, covering dry dock repairs, underwater repairs, and scheduled maintenance for conventional and renewable energy maritime assets.
• Decommissioning & Green Recycling Environmentally responsible decommissioning and green recycling services for end-of-life maritime assets.
• Integrated Solutions Turnkey engineering, procurement, construction, and commissioning (EPCC) solutions for marine, offshore, and energy projects, including module fabrication and integrated project delivery.
• PAC LEO Multi-Purpose Vessel A 40,000-DWT multi-purpose vessel built for Pacific Carriers Limited (PCL) at PaxOcean Zhoushan Shipyard, featuring heavy-lift cranes, wide open deck arrangements, hydraulic tween-deck system, energy-saving technologies, ESS-ready and LNG-ready configurations for future decarbonisation pathways.
• PAC LIBRA Multi-Purpose Vessel A 40,000-DWT multi-purpose vessel developed jointly by PaxOcean and Pacific Carriers Limited at PaxOcean Zhoushan Shipyard. Incorporates heavy-lift cranes, energy-saving technologies, upgraded hydraulic tween-deck system, and ESS-ready and LNG-ready configurations.
• DEME Offshore Construction Vessel (OCV) A 123-metre offshore construction vessel for DEME featuring DP2 dynamic positioning, 150-ton active heave-compensated offshore crane, hangar facilities for two Work Class ROVs, 1,000-kWh hybrid battery system, methanol-ready propulsion, and two 2,500-tonne cable carousels. Scheduled for delivery in 2028.
• Cable Laying Vessel (CLV) for Penta-Ocean Construction A 14,000-DWT cable laying vessel for Penta-Ocean Construction to support Japan's offshore wind energy industry. Designed by a European partner, to be built at PaxOcean's Batam yard, classed by Nippon Kaiji Kyokai (NK), scheduled for completion February 2028.
• Wind Turbine Installation Vessel (TIV) CP-16001 A GustoMSC GJ-9800C design wind turbine installation vessel for Penta-Ocean Construction, 123m long and 45m wide, equipped with a Huisman heavy lift crane (1,600T capacity, 130m boom length), DP II dynamic positioning system, and accommodation for 100 people.
• EON Electric Harbour Tug Southeast Asia's first fully electric harbour tug, powered by a 3MWh lithium-titanate oxide (LTO) battery system with a 50-tonne bollard pull. Designed for zero-emission harbour operations, future-fuel ready with provisions for ammonia, hydrogen, or methanol fuel cells. Classed by Bureau Veritas and flagged in Singapore.
• Langh Ship Eco-Advanced Container Feeder Vessels Series of eco-advanced container feeder ships built for Finland-based Langh Ship at PaxOcean Zhoushan. Each vessel is equipped with Langh Tech's hybrid scrubber and prepared for onboard carbon capture systems, designed to cut CO2 emissions by up to 50 percent.
• GTT LNG Membrane Tank Maintenance and Servicing Accredited membrane tank maintenance and servicing for membrane-type liquefied natural gas carriers (LNGCs) provided at PaxOcean Singapore under a Technical Service Agreement with GTT. Supported by a purpose-built cryogenic LNG workshop (648 sqm) equipped with advanced tools and controlled environment for servicing cargo containment systems, pumps, and valves.
• Voltai E-Supply Boat Singapore's largest electric supply boat operating as part of the Coastal Sustainability Alliance's Milk-Run Logistics model. Delivers goods to multiple mother vessels in a single optimised loop, replacing multiple individual boat trips to reduce marine traffic and Scope 3 emissions.

Quantifiable outcome

• Vessels repaired: >3,500
• +5 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

20 partnerships are on record, tiered core, flagship, major and minor.

• GTTcoreTechnology or Integration · 28 May 2026Technical Service Agreement where PaxOcean Singapore is accredited by GTT to provide membrane tank maintenance and servicing for membrane-type LNG carriers in accordance with GTT's globally recognised standards. This expands PaxOcean's LNG repair capabilities beyond its existing Batam yard which obtained GTT accreditation in 2022.
• Coastal Sustainability Alliance (CSA)flagshipStrategic or Co-development Partner · 1 March 2022Industry collaborative effort led by Kuok Maritime Group focused on maritime decarbonisation through electric vessels, sustainable logistics, and next-generation maritime solutions. PaxOcean serves as founding member and primary vessel constructor for CSA projects including E-Tug EON and Voltai electric supply boat.
• JTC CorporationcoreStrategic or Co-development PartnerJoint development of the 5JS shipyard facility in Jurong Industrial Estate. JTC provided land and development support for the S$200 million shipyard project.
• Singapore Economic Development Board (EDB)coreStrategic or Co-development PartnerJoint support for shipyard development with R&D investment commitment of S$3.5 million supported by EDB's Research & Innovation Scheme for Companies. EDB supported development of Centre of Excellence in engineering R&D.
• American Bureau of Shipping (ABS)coreTechnology or IntegrationClassification society for vessel projects. ABS classes vessels built by PaxOcean including PAC LIBRA and PAC LEO multi-purpose vessels.
• Bureau VeritascoreTechnology or IntegrationClassification society for electric harbour tug EON, flagged in Singapore. Also classes CSA electric supply boat as Tier 1 design dual-classed by Bureau Veritas and RINA.
• DEMEflagshipStrategic or Co-development PartnerContract awarded to PaxOcean for construction of Offshore Construction Vessel (OCV) at Zhoushan shipyard for delivery in 2028. Vessel will support DEME's subsea cable installation capacity for global offshore wind sector.
• Penta-Ocean ConstructionflagshipStrategic or Co-development PartnerLong-standing partnership for vessel construction including wind turbine installation vessel (TIV) CP-16001 delivered in 2023 and cable laying vessel (CLV) for Japan's offshore wind industry with delivery February 2028.
• OPL ServicesmajorStrategic or Co-development PartnerLighter boat operator responsible for planning, scheduling, and operating the Milk-Run logistics model for consolidated shore-to-ship cargo delivery as part of CSA initiative.
• Jurong PortmajorStrategic or Co-development PartnerTerminal operator in CSA Milk-Run logistics partnership focused on fast, efficient and safe transfer of cargo at terminals for consolidated shore-to-ship delivery model.
• Singapore Management University (SMU)minorStrategic or Co-development PartnerCourse-based collaboration where SMU faculty and students analysed operational data from the Milk-Run model, providing insights to support optimisation and improvements.
• Maritime and Port Authority of Singapore (MPA)coreStrategic or Co-development PartnerSupport for just-in-time (JIT) planning and coordination to strengthen operational efficiency in port operations. Supports CSA E-Tug development through MINT Fund. Mandates all new harbour craft to be fully electric or compatible with net-zero fuels by 2030.
• Singapore Maritime Institute (SMI)minorStrategic or Co-development PartnerCollaborates with MPA where Maritime Digital Twin (MDT) serves as platform to facilitate proof of concept of supplies bookings and optimise routes for Milk-Run logistics.
• Pacific Environment (PE)minorStrategic or Co-development PartnerProvides support towards the Milk-Run Proof of Concept to enable its execution and sustainability goals as part of CSA collaboration.
• SALT Ship Design (Norway)coreTechnology or IntegrationNorwegian ship design firm providing design for Offshore Construction Vessel (OCV) being built at PaxOcean Zhoushan for DEME.
• GustoMSCcoreTechnology or IntegrationDesign provider for wind turbine installation vessel (TIV) GJ-9800C design CP-16001 delivered to Penta-Ocean Construction.
• HuismancoreTechnology or IntegrationEquipment supplier providing heavy lift crane with 130m boom length and 1,600-tonne lifting capacity for wind turbine installation vessel.
• KongsbergcoreTechnology or IntegrationProvider of Dynamic Positioning System (DP II) for offshore vessels including wind turbine installation vessel.
• Pacific Carriers Limited (PCL)flagshipStrategic or Co-development PartnerSister company under Kuok Maritime Group and key customer for 40,000 DWT multi-purpose vessel series (PAC LIBRA, PAC LEO). PaxOcean designs vessels based on PCL's operational input, exemplifying intra-group collaboration between shipbuilding and shipping operations.
• PSA MarinecoreStrategic or Co-development PartnerFacilitated bollard pull test for E-Tug EON at its berth following naming ceremony. Has received dual-fuel LNG harbour tugs from PaxOcean.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC9e7jS5aFk6ZBRN6qZ6a7CQ
• Facebookfacebook.com/PaxOceanSingapore
• LinkedInlinkedin.com/company/paxocean
• Pinterestpinterest.com/paxocean
• Xx.com/paxocean

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PaxOcean